The global patient handling equipment market marked a noteworthy milestone, reaching an estimated value of US$ 13.95 billion in sales by the end of 2022. Projections for 2032 indicate a robust growth trajectory, with a forecasted CAGR of 5.7%, propelling the market to a value of US$ 24.29 billion. Several factors contribute to this upward trend, including the burgeoning aging population, ongoing technical innovations enhancing ergonomics and convenience, and heightened emphasis on safety regulations and manual handling laws by government organizations.
Driving Forces Behind Growth: A significant contributor to the escalating demand for patient handling equipment is the increasing number of elderly patients admitted to hospitals, driven by a higher incidence of chronic diseases. Additionally, the rise in disabled patients further fuels the demand for advanced patient handling solutions. These devices play a pivotal role in ensuring the mobility of patients who are unable to control their bodies, facilitating activities such as bed mobility, lateral transfers, lifting, sitting, standing, and walking.
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Challenges and Opportunities: Despite the optimistic outlook, the expansion of the global patient handling equipment market faces challenges, primarily stemming from the reluctance of caregivers and patients to embrace patient lifting equipment. This reluctance is attributed to the perceived complexity of operations and a lack of awareness, particularly in emerging nations. Overcoming these challenges is crucial for the market’s sustained growth. The forecasted period presents a unique opportunity for the market to leverage the rising geriatric population, increased risks of manual patient handling injuries, and the growing prevalence of disabilities, paving the way for substantial revenue generation in the healthcare sector.
In healthcare settings worldwide, including intensive care units (ICUs), rehabilitation centers, and nursing homes, patient handling equipment stands as a transformative force, not only enhancing mobility but also contributing significantly to preventing complications such as infections, pressure ulcers, and falls. As the market continues to evolve, it becomes a linchpin in redefining patient care standards globally.
Elevating Patient Handling: Industry Growth Fueled by Government Regulations and Technological Advancements:
In a landscape where healthcare standards are continually evolving, the patient handling equipment industry is poised for substantial growth, fueled by the concerted efforts of government organizations to prioritize manual handling guidelines and regulations. The adoption of stringent safety guidelines is expected to create lucrative prospects for the industry, emphasizing a commitment to enhancing patient care standards globally.
Demographic Dynamics Driving Demand: The industry is witnessing a notable surge in demand attributed to shifting demographic trends. With the elderly population forming a larger share of hospital admissions and an increasing prevalence of disabilities, the need for advanced patient handling equipment is on the rise. The heightened risk of chronic diseases among the aging population further accentuates the demand for innovative solutions. This demographic shift positions patient handling equipment as a critical component in the evolving healthcare landscape.
Technological Advancements Fueling Market Expansion: As technology continues to evolve, patient handling equipment is not immune to innovation. The introduction of new technological developments and soaring innovations in equipment design is anticipated to be a key driver in expanding the market segment. These advancements not only enhance the efficiency of patient care but also contribute to the overall safety and well-being of both caregivers and patients.
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Key Players:
- Getinge AB
- Stryker Corporation
- Paramount Bed Co. Ltd
- Invacare Corporation
- Hill Rom Services
- Guldmann Inc
- Stiegelmeyer GmbH & Co. KG
- Linet Inc
- Joerns Healthcare
- HoverTech International
- Handicare Group
- Benmor Medical Ltd
Key Segments Covered In The Patient Handling Equipment Survey
By Product Type:
- Wheelchairs and Scooters
- Medical Beds
- Mechanical Lifting & Transfer Equipment
- Ambulatory Aid Devices
- Bathroom Safety Supplies
- Others.
By Type of Care:
- Bariatric Care
- Fall Prevention
- Critical Care
- Wound Care
- Others
By Accessories:
- Stretcher accessories
- Hospital Bed Accessories
- Lifting accessories
- Transfer accessories
- Evacuation accessories
End User:
- Hospitals
- Home Care Settings
- Elderly Care Facilities
- Orthopaedic Care
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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